The Bureau of Labor Statistics posted the monthly unemployment numbers for July this morning. Once again, they were lackluster. In 2009, President Obama predicted a 5.6 percent unemployment rate in July 2012. The economy added 163,000 jobs, which is certainly an improvement over the 800,000 lost per month as President Bush departed office.
Black unemployment improves from 14.4 percent to 14.1 percent.
Predictably, GOP presidential candidate Mitt Romney released a statement critical of today’s numbers. “My plan will turn things around and bring the economy roaring back, with twelve million new jobs created by the end of my first term. President Obama doesn’t have a plan and believes that the private sector is ‘doing fine.’ Obviously, that is not the case. We’ve now gone 42 consecutive months with the unemployment rate above eight percent,” the statement said. Problem is: Romney has no specific plan for recovery.